China to increase energy supply to ensure people’s basic needs and stable economic performance

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China will take further steps to secure electricity and coal supplies this winter and next spring, to secure the basic needs of the people and maintain stable economic performance, the Business Council’s executive meeting decided on Friday. State chaired by Premier Li Keqiang.

With the surge in energy prices on international markets since the start of the year, domestic electricity and coal supplies have been strained, and some places have had to ration electricity supplies recently. In response, the relevant services have taken a series of measures to strengthen the energy supply.

Considering the considerable constraints in meeting the demand for electricity and coal this winter and next spring, the meeting needed to prioritize the well-being of people by prioritizing the supply of energy for the daily use of electricity. people and domestic heating in winter.

The supply of coal for power generation and residential heating, especially the winter supply of coal and electricity in northeast China, needs to be secured. The supply of gas for domestic use will be improved and natural gas will be channeled as needed from southern China to the north to increase residential gas heating in the north.

While ensuring safety in the workplace, coal mines likely to increase their production will be invited to exploit their production capacity as soon as possible; approved and substantially completed surface coal mines will be encouraged to come into operation and operate at full capacity at a faster rate; coal mines which have ceased operations for detected problems will be helped to advance the rectification process in accordance with laws and regulations and to resume production as soon as possible. Transport departments should prioritize the transportation of coal, to ensure that coal is sent to where it is most needed in a timely manner.

“The supply of electricity and coal is crucial for people’s lives and stable economic performance. It must be guaranteed. Ensuring energy security and maintaining the stability of industrial and supply chains are among the six priority areas where protections are needed, “Li said, this issue from a comprehensive macro perspective. There should be no slacking off in our efforts. “

Coal-fired power plants will be supported to increase electricity supply. A temporary tax deferral policy will be put in place in response to the difficulties encountered by these power stations. Financial institutions will be encouraged to meet reasonable financing needs of coal-fired power plants for the purchase of coal and for other purposes.

The market-based pricing mechanism for coal-fired electricity will be improved. Based on maintaining stable electricity prices for households, agriculture and the public good, all electricity from coal will be integrated into the electricity market in an orderly manner. The floating range of market-based electricity transaction prices, which was between a maximum of 10% and a floor of at least 15% from the reference price, will now in principle be adjusted to a range. 20% fluctuation in both ways. Localities will be encouraged to implement time-limited preferential policies on the use of electricity for micro and small businesses and the self-employed.

“We need to strengthen and improve regulatory policies for coal and electricity. The mechanism for the coordinated provision of coal, electricity, oil, gas and transport services will be better exploited, and market-based methods and reform measures will be used effectively, to secure electricity and electricity. coal supply. Adjustments will be made by category. For energy intensive industries, electricity prices can be determined by market transactions and should not be subject to the 20% upward fluctuation cap. we can do as far as market-oriented methods are concerned, ”Li said.

The construction of large-scale wind and photovoltaic power bases in the desert and Gobi areas will be accelerated, and more rapid progress is needed in the construction of power generation facilities for emergency response and management. peak loads. The reserves and storage capacities of coal, natural gas and crude oil will be strengthened.

The reckless development of projects with high energy consumption and high carbon emissions will be resolutely slowed down. Local mechanisms will be improved to control total energy consumption and energy intensity. Newly added renewable energy consumption will not be included in the total energy consumption over a certain period of time. Redesign will be encouraged in key areas for energy conservation and carbon reduction purposes, and energy conservation in major coal-consuming industries has made strong progress.

The responsibility of all stakeholders for energy supply and safe production will be fully implemented. A factual and holistic approach must be pursued. Subnational governments should fulfill their responsibilities within their jurisdictions. Efforts will be made to ensure orderly management of electricity consumption. Practices such as stopping or limiting production in a cookie-cutter approach or launching sweeping campaigns to reduce carbon emissions must be rectified. Inaction or arbitrary behavior will be deterred.

The major coal-producing provinces and major coal companies should carry out their tasks of increasing production and supply as required. Electricity producers managed by the central government must ensure the full functioning of their coal-fired plants. Power grid companies should step up electricity distribution and security management. Those who fail to live up to their responsibility for energy supply will be held accountable.

“We must carefully summarize the experience and lessons. We must take a holistic approach and make our work more forward-looking, to ensure national energy security,” Li said.




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